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Complete financial analysis of TFI International Inc. (TFII) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of TFI International Inc., a leading company in the Trucking industry within the Industrials sector.
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TFI International Inc. (TFII)
About TFI International Inc.
TFI International Inc. provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items. The LTL segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The TL segment offers expedited transportation, flatbed, tank container, and dedicated services, as well as TL brokerage services. This segment carries full loads directly from the customer to the destination using a closed van or specialized equipment. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, and transportation management, as well as small package parcel delivery. As of December 31, 2021, the company had 13,384 tractors, 50,091 trailers, and 9,428 independent contractors. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. TFI International Inc. is headquartered in Saint-Laurent, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.52B | 8.81B | 7.22B | 3.78B | 3.96B | 3.76B | 3.77B | 2.99B | 2.90B | 3.20B | 2.92B | 3.16B | 2.64B | 2.00B | 1.76B | 1.86B | 1.96B | 1.54B | 1.31B | 931.87M | 581.19M | 282.46M | 292.91M | 187.95M | 129.12M | 99.32M | 83.40M |
| Cost of Revenue | 6.26B | 7.39B | 6.18B | 3.24B | 3.46B | 3.25B | 3.36B | 2.64B | 2.55B | 2.78B | 2.55B | 2.73B | 2.16B | 1.41B | 1.25B | 1.34B | 1.40B | 1.10B | 970.73M | 671.26M | 404.82M | 190.45M | 237.55M | 151.87M | 105.83M | 85.89M | 77.75M |
| Gross Profit | 1.27B | 1.43B | 1.04B | 541.89M | 502.63M | 510.01M | 405.21M | 358.23M | 352.55M | 417.32M | 365.76M | 430.35M | 470.90M | 592.35M | 513.51M | 519.88M | 557.04M | 444.20M | 334.68M | 260.61M | 176.37M | 92.01M | 55.36M | 36.08M | 23.29M | 13.43M | 5.65M |
| Gross Profit Ratio | 16.82% | 16.19% | 14.37% | 14.33% | 12.68% | 13.56% | 10.75% | 11.96% | 12.14% | 13.04% | 12.52% | 13.63% | 17.87% | 29.59% | 29.12% | 27.97% | 28.43% | 28.85% | 25.64% | 27.97% | 30.35% | 32.58% | 18.90% | 19.19% | 18.04% | 13.52% | 6.78% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 84.93M | 139.40M | 104.12M | 23.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 297.16M | 289.84M | 0.00 | 0.00 | 217.00M | 178.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 333.29M | 264.25M | 189.64M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 84.93M | 472.69M | 368.37M | 212.75M | 159.52M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 164.88M | 332.21M | 297.16M | 289.84M | 311.66M | 236.87M | 217.00M | 178.89M | 106.81M | 52.90M | 12.44M | 7.43M | 5.00M | 3.50M | 0.00 |
| Other Expenses | 422.83M | 492.29M | 380.34M | 150.57M | 158.51M | 205.47M | 213.60M | 181.32M | 173.12M | 198.73M | 184.37M | 190.77M | 123.50M | 33.85M | 5.30M | -11.37M | 1.57B | 1.17B | -3.95M | -1.36M | 2.13M | 0.00 | 19.83M | 13.78M | 9.45M | 5.74M | 4.86M |
| Operating Expenses | 507.76M | 492.29M | 380.34M | 150.57M | 158.51M | 205.47M | 213.60M | 181.32M | 173.12M | 198.73M | 184.37M | 190.77M | 288.38M | 458.85M | 414.24M | 390.91M | 1.88B | 1.41B | 217.00M | 178.89M | 537.50M | 52.90M | 32.27M | 21.21M | 14.45M | 9.23M | 4.86M |
| Cost & Expenses | 6.76B | 7.88B | 6.56B | 3.39B | 3.62B | 3.46B | 3.58B | 2.82B | 2.72B | 2.98B | 2.74B | 2.92B | 2.45B | 1.87B | 1.66B | 1.73B | 3.28B | 2.51B | 1.19B | 850.15M | 942.32M | 243.35M | 269.82M | 173.08M | 120.29M | 95.12M | 82.62M |
| Interest Income | 8.12M | 1.75M | 5.13M | 2.78M | 2.30M | 2.06M | 2.10M | 1.77M | 0.00 | 0.00 | 0.00 | -6.85M | 3.40M | 29.61M | -0.73 | -0.13 | 0.00 | 0.00 | -0.80 | -0.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 90.96M | 82.15M | 78.15M | 56.69M | 58.82M | 40.09M | 45.14M | 30.65M | 65.73M | 57.65M | 41.19M | 47.19M | 52.63M | 37.62M | 33.42M | 38.29M | 0.00 | 0.00 | 13.20M | 9.05M | 0.00 | 42.36M | 49.13M | 32.43M | 22.61M | 14.13M | 715.31K |
| Depreciation & Amortization | 441.98M | 430.59M | 393.03M | 299.23M | 300.31M | 191.33M | 329.02M | 143.65M | 126.99M | 131.69M | 127.63M | 148.40M | 129.87M | 126.64M | 117.09M | 101.07M | 108.72M | 78.89M | 59.00M | 37.13M | 25.88M | -12.78M | -19.83M | -13.78M | -9.45M | -5.74M | -4.86M |
| EBITDA | 1.19B | 1.56B | 1.36B | 709.30M | 674.44M | 521.27M | 517.90M | 325.58M | 314.92M | 334.91M | 302.06M | 406.10M | 308.54M | 304.37M | 181.39M | 220.85M | 194.18M | 208.93M | 169.45M | 116.60M | 70.63M | 51.89M | 42.92M | 28.64M | 18.29M | 9.93M | 5.65M |
| EBITDA Ratio | 15.88% | 15.51% | 14.62% | 18.34% | 16.09% | 13.07% | 13.74% | 10.51% | 10.44% | 10.47% | 10.34% | 12.05% | 11.98% | 14.69% | 12.57% | 11.77% | -62.20% | -57.87% | 13.23% | 12.61% | -57.50% | 18.37% | 14.65% | 15.24% | 14.16% | 10.00% | 6.78% |
| Operating Income | 757.64M | 1.15B | 662.65M | 416.57M | 391.66M | 316.09M | 193.82M | 192.11M | 199.22M | 213.30M | 137.34M | 248.43M | 182.52M | 133.50M | 56.29M | 128.97M | 80.11M | 130.03M | 172.74M | 117.49M | 43.69M | 39.11M | 62.75M | 42.43M | 27.74M | 15.67M | 10.52M |
| Operating Income Ratio | 10.07% | 13.00% | 9.18% | 11.02% | 9.88% | 8.40% | 5.14% | 6.41% | 6.86% | 6.67% | 4.70% | 7.87% | 6.93% | 6.67% | 3.19% | 6.94% | 4.09% | 8.44% | 13.23% | 12.61% | 7.52% | 13.85% | 21.42% | 22.57% | 21.49% | 15.77% | 12.61% |
| Total Other Income/Expenses | -80.87M | -80.40M | -163.06M | -53.91M | -62.11M | -35.47M | -24.54M | -34.17M | -54.55M | -39.58M | -65.47M | -33.19M | -49.24M | -8.02M | -60.59M | -47.48M | -31.26M | -15.85M | -4.77M | -47.07M | -4.73M | -16.80M | -23.07M | -27.62M | -17.74M | -10.53M | -715.31K |
| Income Before Tax | 676.76M | 1.07B | 816.17M | 362.66M | 326.10M | 280.62M | 93.32M | 151.28M | 144.67M | 156.49M | 67.51M | 209.86M | 133.28M | 137.94M | 30.89M | 81.49M | 48.86M | 114.18M | 138.32M | 70.42M | 38.96M | 22.31M | 13.62M | 10.00M | 5.14M | 1.54M | 9.80M |
| Income Before Tax Ratio | 9.00% | 12.09% | 11.30% | 9.59% | 8.23% | 7.46% | 2.48% | 5.05% | 4.98% | 4.89% | 2.31% | 6.65% | 5.06% | 6.89% | 1.75% | 4.38% | 2.49% | 7.42% | 10.60% | 7.56% | 6.70% | 7.90% | 4.65% | 5.32% | 3.98% | 1.55% | 11.75% |
| Income Tax Expense | 171.89M | 242.41M | 151.81M | 86.98M | 77.70M | 66.24M | -32.32M | 34.43M | 39.65M | 46.30M | 8.94M | 54.88M | 33.16M | 33.37M | 20.45M | 16.02M | 3.61M | 1.20M | 8.95M | 5.79M | 3.43M | 5.42M | 5.57M | 2.91M | 616.50K | 139.89K | 12.88M |
| Net Income | 504.88M | 823.23M | 754.41M | 275.68M | 237.53M | 214.38M | 125.64M | 475.84M | 117.78M | 110.19M | 58.56M | 154.98M | 100.12M | 104.58M | 10.44M | 65.47M | 45.25M | 129.56M | 129.36M | 64.63M | 35.53M | 16.89M | 8.06M | 7.09M | 4.52M | 1.40M | -2.36M |
| Net Income Ratio | 6.71% | 9.34% | 10.45% | 7.29% | 5.99% | 5.70% | 3.33% | 15.89% | 4.06% | 3.44% | 2.01% | 4.91% | 3.80% | 5.22% | 0.59% | 3.52% | 2.31% | 8.41% | 9.91% | 6.94% | 6.11% | 5.98% | 2.75% | 3.77% | 3.50% | 1.41% | -2.83% |
| EPS | 5.98 | 8.85 | 8.04 | 3.26 | 2.87 | 2.44 | 1.39 | 5.08 | 1.17 | 1.11 | 0.63 | 1.64 | 1.05 | 1.08 | 0.11 | 0.76 | 0.53 | 1.53 | 1.75 | 1.01 | 0.55 | 0.30 | 0.22 | 0.23 | 0.14 | 0.06 | -0.18 |
| EPS Diluted | 5.91 | 8.66 | 7.84 | 3.19 | 2.80 | 2.36 | 1.35 | 4.98 | 1.15 | 1.09 | 0.62 | 1.56 | 1.04 | 1.07 | 0.11 | 0.76 | 0.53 | 1.53 | 1.70 | 0.94 | 0.55 | 0.30 | 0.22 | 0.19 | 0.12 | 0.06 | -0.18 |
| Weighted Avg Shares Out | 85.91M | 89.36M | 93.05M | 89.11M | 83.39M | 87.97M | 90.49M | 93.71M | 100.21M | 99.44M | 92.59M | 94.76M | 95.42M | 95.28M | 90.04M | 86.47M | 85.85M | 84.73M | 72.62M | 53.03M | 48.00M | 55.74M | 37.25M | 30.88M | 31.43M | 22.22M | 13.20M |
| Weighted Avg Shares Out (Dil) | 87.05M | 91.26M | 95.34M | 90.93M | 85.36M | 90.80M | 92.78M | 95.52M | 101.99M | 101.37M | 94.21M | 107.55M | 105.22M | 95.87M | 90.04M | 86.47M | 85.90M | 84.73M | 74.77M | 68.78M | 63.95M | 56.57M | 37.25M | 37.50M | 36.67M | 25.00M | 13.20M |
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